If you are planning a special event, such as a wedding, graduation party, or anything else, then you naturally want to make sure the occasion goes smoothly. While you can do a lot to prepare for the event itself, there is always some risk that something will go wrong. If something should go awry during such an occasion, it will affect the experience, but it will also affect your return on investment. Because of this, our team at Innovative Insurance Group encourages you to buy special event insurance for your next gathering, and in this article, we’ll explain more about why.
- Event Cancellation – Sometimes it’s necessary to cancel an event, whether due to severe weather, illness, or anything else. If you cancel without special event insurance, you’ll just have to eat the costs of the vendors, venue, etc. However, if you have special event insurance, the policy will pay out to help you recoup some of those costs, so it won’t be a total wash.
- Event Liability – Another reason why we encourage you to buy special event insurance is because it will help you deal with any accidents or injuries that may occur during the course of your celebration or event. If someone gets hurt at your event, then your special event insurance will kick in to pay for some or all of their medical care, as well as any damages for liability. We recommend special event liability coverage for any gathering, but especially for events where people will be drinking or engaging in other risky activities.